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Side-by-side financial comparison of CLEAN HARBORS INC (CLH) and Zoetis (ZTS). Click either name above to swap in a different company.
Zoetis is the larger business by last-quarter revenue ($2.4B vs $1.5B, roughly 1.6× CLEAN HARBORS INC). Zoetis runs the higher net margin — 25.3% vs 5.8%, a 19.5% gap on every dollar of revenue. On growth, CLEAN HARBORS INC posted the faster year-over-year revenue change (4.8% vs 3.0%). Zoetis produced more free cash flow last quarter ($732.0M vs $233.3M). Over the past eight quarters, Zoetis's revenue compounded faster (4.4% CAGR vs 4.4%).
Clean Harbors, Inc., headquartered in Norwell, Massachusetts, is a provider of waste management and industrial services for commercial customers, specializing in the collection, transportation, treatment and disposal of hazardous waste, but also offering services for non-hazardous waste. The company has 870 operating locations in 630 properties in the U.S. and Canada including a network of over 100 waste disposal facilities such as incinerators, landfills, treatment, storage and disposal faci...
Zoetis Inc. (/zō-EH-tis/) is an American drug company, the world's largest producer of medicine and vaccinations for pets and livestock. The company was a subsidiary of Pfizer, the world's largest drug maker, but with Pfizer's spinoff of its 83% interest in the firm it is now a completely independent company. The company directly markets its products in approximately 45 countries, and sells them in more than 100 countries. Operations outside the United States accounted for 50% of the total re...
CLH vs ZTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $2.4B |
| Net Profit | $86.6M | $603.0M |
| Gross Margin | 30.6% | 70.2% |
| Operating Margin | 10.6% | 31.9% |
| Net Margin | 5.8% | 25.3% |
| Revenue YoY | 4.8% | 3.0% |
| Net Profit YoY | 3.1% | 3.8% |
| EPS (diluted) | $1.62 | $1.37 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.5B | $2.4B | ||
| Q3 25 | $1.5B | $2.4B | ||
| Q2 25 | $1.5B | $2.5B | ||
| Q1 25 | $1.4B | $2.2B | ||
| Q4 24 | $1.4B | $2.3B | ||
| Q3 24 | $1.5B | $2.4B | ||
| Q2 24 | $1.6B | $2.4B | ||
| Q1 24 | $1.4B | $2.2B |
| Q4 25 | $86.6M | $603.0M | ||
| Q3 25 | $118.8M | $721.0M | ||
| Q2 25 | $126.9M | $718.0M | ||
| Q1 25 | $58.7M | $631.0M | ||
| Q4 24 | $84.0M | $581.0M | ||
| Q3 24 | $115.2M | $682.0M | ||
| Q2 24 | $133.3M | $624.0M | ||
| Q1 24 | $69.8M | $599.0M |
| Q4 25 | 30.6% | 70.2% | ||
| Q3 25 | 32.3% | 71.5% | ||
| Q2 25 | 33.3% | 73.6% | ||
| Q1 25 | 28.6% | 72.0% | ||
| Q4 24 | 29.9% | 69.5% | ||
| Q3 24 | 31.0% | 70.6% | ||
| Q2 24 | 33.3% | 71.7% | ||
| Q1 24 | 29.5% | 70.6% |
| Q4 25 | 10.6% | 31.9% | ||
| Q3 25 | 12.5% | 37.0% | ||
| Q2 25 | 13.6% | 36.7% | ||
| Q1 25 | 7.8% | 36.5% | ||
| Q4 24 | 9.6% | 31.6% | ||
| Q3 24 | 12.6% | 36.6% | ||
| Q2 24 | 13.9% | 33.0% | ||
| Q1 24 | 9.1% | 34.1% |
| Q4 25 | 5.8% | 25.3% | ||
| Q3 25 | 7.7% | 30.0% | ||
| Q2 25 | 8.2% | 29.2% | ||
| Q1 25 | 4.1% | 28.4% | ||
| Q4 24 | 5.9% | 25.1% | ||
| Q3 24 | 7.5% | 28.6% | ||
| Q2 24 | 8.6% | 26.4% | ||
| Q1 24 | 5.1% | 27.4% |
| Q4 25 | $1.62 | $1.37 | ||
| Q3 25 | $2.21 | $1.63 | ||
| Q2 25 | $2.36 | $1.61 | ||
| Q1 25 | $1.09 | $1.41 | ||
| Q4 24 | $1.55 | $1.29 | ||
| Q3 24 | $2.12 | $1.50 | ||
| Q2 24 | $2.46 | $1.37 | ||
| Q1 24 | $1.29 | $1.31 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $127.4M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.7B | $3.3B |
| Total Assets | $7.6B | $15.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $127.4M | — | ||
| Q3 25 | $91.2M | $2.1B | ||
| Q2 25 | $98.9M | $1.4B | ||
| Q1 25 | $105.9M | $1.7B | ||
| Q4 24 | $102.6M | $2.0B | ||
| Q3 24 | $82.4M | $1.7B | ||
| Q2 24 | $91.3M | $1.6B | ||
| Q1 24 | $104.8M | $2.0B |
| Q4 25 | $2.7B | $3.3B | ||
| Q3 25 | $2.8B | $5.4B | ||
| Q2 25 | $2.7B | $5.0B | ||
| Q1 25 | $2.6B | $4.7B | ||
| Q4 24 | $2.6B | $4.8B | ||
| Q3 24 | $2.5B | $5.2B | ||
| Q2 24 | $2.4B | $5.0B | ||
| Q1 24 | $2.3B | $5.1B |
| Q4 25 | $7.6B | $15.5B | ||
| Q3 25 | $7.5B | $15.2B | ||
| Q2 25 | $7.4B | $14.5B | ||
| Q1 25 | $7.2B | $14.1B | ||
| Q4 24 | $7.4B | $14.2B | ||
| Q3 24 | $7.3B | $14.4B | ||
| Q2 24 | $7.1B | $14.2B | ||
| Q1 24 | $6.9B | $14.3B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $355.1M | $893.0M |
| Free Cash FlowOCF − Capex | $233.3M | $732.0M |
| FCF MarginFCF / Revenue | 15.6% | 30.7% |
| Capex IntensityCapex / Revenue | 8.1% | 6.7% |
| Cash ConversionOCF / Net Profit | 4.10× | 1.48× |
| TTM Free Cash FlowTrailing 4 quarters | $441.8M | $2.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $355.1M | $893.0M | ||
| Q3 25 | $302.0M | $938.0M | ||
| Q2 25 | $208.0M | $486.0M | ||
| Q1 25 | $1.6M | $587.0M | ||
| Q4 24 | $303.9M | $905.0M | ||
| Q3 24 | $239.2M | $951.0M | ||
| Q2 24 | $216.0M | $502.0M | ||
| Q1 24 | $18.5M | $595.0M |
| Q4 25 | $233.3M | $732.0M | ||
| Q3 25 | $207.5M | $805.0M | ||
| Q2 25 | $118.0M | $308.0M | ||
| Q1 25 | $-117.1M | $438.0M | ||
| Q4 24 | $241.5M | $689.0M | ||
| Q3 24 | $142.4M | $784.0M | ||
| Q2 24 | $80.9M | $370.0M | ||
| Q1 24 | $-119.4M | $455.0M |
| Q4 25 | 15.6% | 30.7% | ||
| Q3 25 | 13.4% | 33.5% | ||
| Q2 25 | 7.6% | 12.5% | ||
| Q1 25 | -8.2% | 19.7% | ||
| Q4 24 | 16.9% | 29.7% | ||
| Q3 24 | 9.3% | 32.8% | ||
| Q2 24 | 5.2% | 15.7% | ||
| Q1 24 | -8.7% | 20.8% |
| Q4 25 | 8.1% | 6.7% | ||
| Q3 25 | 6.1% | 5.5% | ||
| Q2 25 | 5.8% | 7.2% | ||
| Q1 25 | 8.3% | 6.7% | ||
| Q4 24 | 4.4% | 9.3% | ||
| Q3 24 | 6.3% | 7.0% | ||
| Q2 24 | 8.7% | 5.6% | ||
| Q1 24 | 10.0% | 6.4% |
| Q4 25 | 4.10× | 1.48× | ||
| Q3 25 | 2.54× | 1.30× | ||
| Q2 25 | 1.64× | 0.68× | ||
| Q1 25 | 0.03× | 0.93× | ||
| Q4 24 | 3.62× | 1.56× | ||
| Q3 24 | 2.08× | 1.39× | ||
| Q2 24 | 1.62× | 0.80× | ||
| Q1 24 | 0.27× | 0.99× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLH
| Technical Services | $479.3M | 32% |
| Safetly Kleen Environmental Services | $252.9M | 17% |
| Fieldand Emergency Response | $246.6M | 16% |
| Products | $205.3M | 14% |
| Safety Kleen Sustainability Solutions Segment | $188.4M | 13% |
| Safety Kleen Oil | $132.6M | 9% |
ZTS
| Other | $1.3B | 56% |
| Livestock | $234.0M | 10% |
| Pain Sedation | $209.0M | 9% |
| Other Pharmaceuticals | $188.0M | 8% |
| Swine | $125.0M | 5% |
| Poultry | $117.0M | 5% |
| Fish | $81.0M | 3% |
| Other Non Pharmaceuticals | $70.0M | 3% |
| Manufactured Product Other | $18.0M | 1% |
| Medicated Feed Additives | $12.0M | 1% |
